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Ministry of Finance (MOF) 财政部

Address: 3 Nansangxiang Sanlihe, Xicheng District, 100820 | Phone: 86-10-6855-1114 | Website: www.mof.gov.cn

The Ministry of Finance (MOF) is responsible for constructing macroeconomic policy, balancing the national budget, and supervising tax policy implementation. It also manages central revenues from taxes, treasury bonds, and currency reserves. Additionally, MOF drafts the state's taxation and tariff policies and offers leadership recommendations regarding future fiscal reforms. MOF organizes high-level dialogues with foreign counterparts and international organizations on fiscal and debt issues and drafts related agreements.

Minister, Party Secretary

Liu Kun 刘昆

Vice Ministers and Other Senior Officials Zhao Huiling 赵惠令 Cheng Lihua 程丽华 Yu Weiping 余蔚平 (Discipline Inspector and Party Cell Member) (Vice ) (Vice Minister) Responsible for disciplinary actions within MOF. Shares responsibility for the Taxation Department; Shares responsibility for the National Defense oversees other departments and bureaus, including Department; oversees other departments, including Administrative Politics and Law, Agriculture and Economic Construction, Social Security, and Natural Rural Affairs, Accounting, Supervision and Resources and Environment, in addition to the Retired Evaluation, and the local MOF regulatory bodies; and Officials Bureau and the Chinese Academy of Fiscal oversees for various accounting entities and schools, Sciences. including the Chinese Institute of Certified Public Accountants and the Beijing National Accounting Institute.

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Zou Jiayi 邹加怡 Liao Min 廖岷 Xu Hongcai 许宏才 (Vice Minister) (Vice Minister) (Vice Minister) Shares responsibility for the Personnel Education Responsible for the US-China Comprehensive Shares responsibility for the Budget Department; Department; oversees other departments, including Economic Dialogue and other high-level financial manages other departments, including Treaty and Tariffs, Finance, International Economic Relations, dialogues. Law, Treasury, and Asset Management; also, and International Financial Cooperation; and oversees the Treasury Payment Center, Budget manages the China Clean Development Mechanism Review Center, and China Appraisal Society, among Fund, the International Financial Center, and the others. financial channel for .

Wang Ercheng 王尔乘 Wei 刘伟 Ou Wenhan 欧文汉 (Party Cell Member and Party Secretary of the (Party Cell Member and Director General of the (Assistant Minister) National Council Social Security Fund) National Council Social Security Fund) Manages the General Office, Policy Research Office, Responsible for liaising with the National Social Responsible for liaising with the National Social and several departments, including General Affairs Security Fund Council. Security Fund Council. and Science and Education and Culture; also, oversees the Fiscal Bills Supervision Center, China State Finance Magazine, and the China Finance and Taxation Museum.

Department Responsibilities

General Office (办公厅) Policy Research Office (政策研究室) General Affairs (综合司) Director General: Zeng Xiaoan 曾晓安 Director General: Liu Xinan 刘新安 Director General: Lin Zechang 林泽昌 Responsible for administrative and financial Proposes central fiscal and taxation policies, Responsible for macroeconomic analysis and forecasts; affairs, archiving and publicizing ministry news, supervises implementation, and conducts research formulates government purchasing service policies and and managing the budget. on major economic and financial issues. income distribution policies; and manages housing policies, expenditures of state-owned resource transfers, the national lottery, and financial bills.

Treaty and Law (条法司) Taxation(税政司) Tariffs, State Council Tariffs Commission Director General: Jia Ronge 贾荣鄂 Director General: Wang Jianfan 王建凡 (关税司, 国务院关税税则委员会办公室) Oversees laws and administrative regulations, Formulates tax laws, adjustments, and reduction Director General: Cai Qiang 蔡强 hearings, and litigation, and reviews legality of and exemption policies; manages foreign-related Drafts tariff laws, administrative regulations, and MOF’s regulatory documents. taxation work; and drafts international taxation implementation rules; proposes tariff items, tax rates, and agreements. related policies; and manages tariff negotiations.

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Budget (预算司) Treasury (Government Procurement Office) National Defense (国防司) Director General: Li Jinghui 李敬辉 (国库司, 政府采购管理办公室) Responsible for finances related to the military, military Oversees fiscal policies, budget management, Director General: Wang Xiaolong 王小龙 industries, and Civil-Military Fusion. government debt, and mid-term fiscal plans; Manages budget, analysis, and forecasting, as well prepares annual central budget; and manages as government procurement and debt issuance; central to local government payments. formulates the centralized payment and fiscal budget accounting systems; and collects government non-tax revenue.

Economic Construction (经济建设司) Administrative Politics and Law Natural Resources and Environment Director General: Sun Guangqi 孙光奇 (行政政法司) (自然资源和生态环境司) Responsible for departmental budgets and Director General: Wang Ying 王瑛 Director General: Xia Xiande 夏先德 expenditures in industry, transportation, energy, Responsible for departmental budgets and related Manages departmental budgets and related expenditures and commerce; issues relevant fiscal policy expenditures in administration, diplomacy, in natural resources, environment, and forestry; proposes recommendations; and manages financial international development, and economic and trade fiscal policies on pollution prevention, resource appropriations for infrastructure investment, cooperation; formulates administrative expenses, conservation, ecological protection, and national parks policy subsidies, and special reserves. expenditure standards, and quotas. construction; and formulates development plans for natural resources and the environment.

Science, Education, and Culture, Office of the Agriculture and Rural Areas(农业农村司) Social Security (社会保障司) Leading Group of State-owned Assets Director General: Wu Qixiu 吴奇修 Director General: Fu Jinling 符金陵 Supervision and Administration of Central Oversees departmental budgets and related Oversees departmental budges and related expenditures in Cultural Enterprises expenditures in agriculture and rural areas, water human resources and social security, civil affairs, health, (科教和文化司, 中央文化企业国有资产监督管理 conservancy, meteorology, and poverty alleviation; veterans’ affairs, and medical security; reviews and 领导小组办公室) manages financial support for rural revitalization and supervises the national social insurance fund budget. Director General: Huang Jiayu 黄家玉 poverty alleviation funds; and formulates policies on Responsible for departmental budgets and rural reform. related expenditures in propaganda, culture and tourism, science and technology, education, and sports.

Asset Management (资产管理司) Finance (金融司) International Economic Relations, Office of Hong Director General: Lu Qingping 陆庆平 Director General: 王毅 Kong, Macau, and Taiwan Formulates rules and regulations for the Coordinates fiscal, financial, and monetary policy; (国际经济关系司, 港澳台办公室) management of state-owned assets of oversees financial supervision and reform; and is Director General: Liu Jian 刘健 administrative institutions, corporate finances, responsible for financial departments’ budgets and Oversees financial and economic cooperation between and accounting reports. government foreign debt. MOF and other countries, regions, and organizations; studies international economic issues and policies.

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International Financial Cooperation Accounting (会计司) Supervision and Evaluation Bureau (监督评价局) (国际财金合作司) Director General: Li Xianzhong 李先忠 Director General: Gao Jinxing 郜进兴 Director General: Wang Zhongjing 王忠晶 Responsible for the national accounting system; Formulates policies on financial supervision and Manages international financial organizations’ manages accounting personnel and professional performance evaluation; oversees fiscal and taxation policy investment and financing, as well as qualifications; and oversees certified public implementation and budget management; and inspects development and economic assistance; accountants, accounting firms, and bookkeeping local government debt and hidden debt. oversees loans (grants) from development agencies. agencies and foreign governments; and studies and analyzes international financial issues.

Personnel Education, Inspection Office Party Committee (机关党委) Retired Officials Bureau (离退休干部局) (人事教育司, 巡视办) Party Secretary: Zou Jiayi 邹加怡 Party Secretary/Director General: Yue Xuekun 岳学鲲 Director General: Peng Hua 彭华 Responsible for the party work of agencies and Manages services for retired officials. Manages the human resources of MOF and affiliated work units in Beijing. affiliated work units.

Information accurate as of December 2020 Source: Ministry of Finance

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